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Satoshi supposedly has over 1M coins. If those keys were hacked: (a) that's about 5.5% of the supply of bitcoin that'd suddenly be out there, conceivably to flood the market.

These coins are spendable today. So the key doesn't need to be hacked to be spendable. That Satoshi is some benevolent entity that will not spend their coin is just imagination, mass delusion maybe, in this case.

These attributes are 100% fabricated and have nothing to do with Bitcoin. The Bitcoin protocol says that if an utxo is spendable, it can be spent. Everything else is wishful thinking and imagination. Let's not make decisions based on delusions, that's a dangerous road all by itself.

I could see how "bitcoin's own inventor got hacked!" would be a hurdle that normies might never get over.

Awesome! It would mean the enslaving banksters, politicians and scammers will be instantly out of business (in Bitcoin)! Best. Outcome. Ever.

We apparently are thinking differently because I understand very little about what you just wrote. I'll try though...

These coins are spendable today.

Of course they are. Satoshi can spend them.

These attributes are 100% fabricated

This confuses me. The attributes of Satoshi with 1M coins is fabricated? If I understand correctly, you're saying the Satoshi coins are already out there, live, spendable, etc. What I'm saying is that they are not on a market. Yes, Satoshi could put them on Coinbase today. I think I get what you're saying now, we shouldn't assume Satoshi will never do this. Fair enough.

banksters, politicians and scammers will be instantly out of business

I don't understand this at all. If Satoshi's coins were hacked, I don't see how that hurts the old ways.

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I think I get what you're saying now, we shouldn't assume Satoshi will never do this.

Exactly. Worse: if they move today, did satoshi do it, or did some quantum nerd in Google's basement do it? If ECDSA is broken with Shor's then RSA is broken too. So it's not like you can use a 2008 PGP key to prove your identity; this is the first thing an attacker will break. Thus, there is no difference. And no one will advertise that they are stealing coin, this is theft. We'll never know!

Therefore: if those utxos move, they move. Period. It would be dumb to dump them all on an exchange because no exchange has liquidity for that; so it'll be OTC and that means someone is going to ask questions, or be literally guilty of laundering.

If Satoshi's coins were hacked, I don't see how that hurts the old ways.

Simple, if all the normies leave and no one will join, then there will be only a small pool of complete idiots to scam/influence/milk. Not worth it. All the bad actors will become shitcoin maxis because there will be no reason to hang with a bunch of people that won't bring you any gainz.

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